REAL ESTATE NEWS
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The commercial real estate market in Kenya is experiencing a notable decline, particularly in the office space sector.
This is according to the 2024 Real Estate Survey by the Kenya National Bureau of Statistics. The data reveals that by the end of 2023, a staggering 34.4 percent of all office…
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GulfCap Real Estate has officially launched construction on the LV Marina, anticipated to become the largest mixed-use development in Kenya, situated in Kisumu.
With an estimated total investment of Sh120 billion, the project aims to redefine the urban landscape over the next six years, commencing…
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According to the recently released 2023-24 Real Estate Survey conducted by the Kenya National Bureau of Statistics (KNBS), a substantial portion of Kenya's real estate sector operates without adequate regulation.
The report, which surveyed the industry from March to May 2024, reveals that 47.1…
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Investors are witnessing substantial returns from large townhouses and maisonettes, as highlighted in a recent report from the Kenya National Bureau of Statistics (KNBS) for 2023/2024.
Among residential properties, two-bedroom townhouses yield an impressive 8.3% annually, while three-bedroom…
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The National Construction Authority (NCA) in Kenya has announced a series of stringent measures designed to combat rogue contractors and unlicensed buildings, a significant move intended to enhance safety and compliance across the construction sector.
This initiative coincides with the rollout of…
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The recent wave of youth-led protests in Kenya, predominantly driven by Generation Z, has significantly impacted the nation’s economy, especially within the real estate sector.
These demonstrations, fueled by discontent over unemployment, economic disparity, and demands for social justice, have…
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As of 2022, more than 15 million Kenyans, representing approximately 29 percent of the nation's population, lived in urban areas.
Although this figure is relatively modest in comparison to other countries, it reflects a significant shift towards rural-urban migration, particularly among the youth…
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As many Kenyans face the burden of rent payments in January, conflicts with landlords often arise, leading to adverse actions such as unlawful evictions, door lockouts, and utility disconnections.
These measures not only disrupt tenants' lives but also violate established legal protections afforded…
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Recent findings from the Nairobi County Assembly’s Land Committee indicate a grim reality for the urban poor in Nairobi who aspire to find affordable housing.
The report reveals that private investors control the majority of housing units in key projects, undermining public ownership and access.…
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As the Kenyan housing market continues to expand, potential homebuyers are faced with the daunting task of finding their ideal property amidst an array of options.
According to Kelvin Kinoti Laichena, an experienced architect and contractor, making a well-informed decision requires more than just…
